Lu James Fu Bin 4

What Happened Lu James Fu Bin, reported as a 10% owner of Grindr, sold a total of 612,766 shares of GRND stock in open-market/private-sale transactions across three dates. The sales were:

• 200,000 shares on 2026-01-30 at a weighted average price of $11.27 (proceeds $2,254,000)
• 178,427 shares on 2026-02-02 at a weighted average price of $11.14 (proceeds $1,987,677)
• 234,339 shares on 2026-02-03 at a weighted average price of $10.73 (proceeds $2,514,457)
  Total proceeds across the three transactions were about $6.76 million. These are sales (not purchases), which are typically routine dispositions rather than bullish signals.

Key Details

• Transaction type: S = Sale (open market or private sale).
• Dates & weighted-average prices:
  • 2026-01-30: 200,000 shares @ $11.27 (weighted avg; prices ranged $11.11–$11.51) [F1]
  • 2026-02-02: 178,427 shares @ $11.14 (weighted avg; prices ranged $11.00–$11.34) [F3]
  • 2026-02-03: 234,339 shares @ $10.73 (weighted avg; prices ranged $10.50–$11.03) [F4]
• Total shares sold: 612,766; total proceeds: ~$6,756,134.
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-sale holdings.
• Ownership structure note: The filing discloses that Longview Capital Group Ltd. and Longview Grindr Holdings Ltd. are in the ownership chain and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest [F2].
• Filing: Report filed Feb 3, 2026, covering transactions from Jan 30–Feb 3, 2026. No late-filing flag is indicated in the provided information.

Context

• As a reported 10% owner (institutional/major holder), these sales reflect disposition by a significant stakeholder rather than routine insider (executive) trading; F2 clarifies the ownership structure and disclaimer of beneficial ownership.
• Footnotes note the prices shown are weighted averages across multiple executions; the filer offers to provide a per-price breakdown to the issuer, shareholders, or SEC staff upon request.